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Sudden jump in unpaid taxes last month takes total to almost 70 bln
EconomyMacroeconomythat the first-half target of legacy debt collections of 1 billion set by the Ministry of Finance (MoF... year, the target has been set at 25 percent, with the year to date rate at just over half the target... a weak performance in July, yet they remain well below the annual targets. Those targets were set
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ECB stress tests and what they will mean for Greek banks
Economyprovisions. A capital benchmark of Common Equity Tier 1 (CET1) of 8 percent was set for this pillar... was set at CET1 of 8 percent for the baseline and 5.5 percent for the adverse scenario. The aggregate... on banks’ static balance sheet at the end of 2013. However, the ECB is due to release another set of data
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Tsipras sticks to pre-election pledges as eurozone negotiations loom
PoliticsGreek PoliticsFund in March. Beyond that, Tsipras stuck to his pre-election line, as set out in the Thessaloniki.... Tsipras also set out plans to tackle corruption and tax evasion but did not provide great detail..., starting with Wednesday’s extraordinary Eurogroup. Negotiations Many of the measures set out
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Sowing the seeds of anomie in Greece
Agoraonly 67 lawmakers opted not to tap into the 3.2 million euros set aside for this purpose. However... was adamant he had been set-up by unspecified enemies. However, given that the majority of judges found him... decision makers and its institutions are willing to take responsibility for this, creating a shared set
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New prior actions may prove obstacle as Athens talks intensify
PoliticsGreek Politicswill have to pass a third set of prior actions before the agreement is sealed. Athens insists... set of prior actions when it became clear the farmers' taxation in particular was causing..., which is due to be ready by October Product and service market liberalisation, as set out
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Tsipras is at his strongest, but for how long?
Agoraon the topsy-turvy events of this year. However, let us set aside the speculation for a second and focus... predicted anywhere near a 7.4 percentage point win, which raises a new set of questions about... in voting because the policies set out in the third bailout means it will make no difference who
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No let up ahead in terms of fiscal demands for new Greek government
EconomyProgrammeto generate annual revenues of 1 percent of GDP. The basic VAT rate was set at 23 percent, a super-reduced rate was set at 6 percent for pharmaceuticals, books and theatre and a reduced rate of 13..., with a targeted set of actions including reduction in headcount and procurement. 9) Tax
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Tsipras identifies debt relief, bank recap and attracting investments as key goals
PoliticsGreek PoliticsPrime Minister Alexis Tsipras set out three priorities for his government once the first bailout...-November. The three goals set by Tsipras were: Debt relief, bank recapitalisation and attracting... to set up a mediatory body to reach out of court settlements between lenders and customers who cannot
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyitems excluding loan provisions and profits. The bank said the full set of Q2 results... at the end of September. We set out below the key trends visible in the results presented by the two... the domestic economy is set to enter into recession as of Q3. Banks’ asset quality would be among the key
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Coalition in rush to wrap up pending bailout issues
EconomyProgrammeto receive the 10 billion euros set aside for bank recapitalisation. Although not defined yet, the next set of prior actions – beyond those included in the multi-bill due to be voted on Thursday... of the current social security contribution scheme. The second omnibus bill for the first set of 49
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